Was the recent bear market trivial?

But in US you have economic GROWTH - we don't know here in Europe.

 

That's debatable. We DO have cannibalization of assets due to deficit spending, Gummint and personal, plus debasement of our currency. (Shouldn't be long now before the "$USD" will be known as the "$Charmin"... for you internationals, Charmin is a brand of potty paper in the US.)

This is being interpreted as growth and extrapolated into the future as a trend... likely a cruel hoax.

Survivors will be few.

 

Refinance your mortgage and buy more on credit -- that's the growth!